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← LINCOLN SQUARE RAVENSWOOD CHAMBER OF COMMERCE

Form 990 for tax year 2024

Filed by LINCOLN SQUARE RAVENSWOOD CHAMBER OF COMMERCE.

Totals

Total revenue
$1,522,405
Total expenses
$1,512,254
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,515,784
Investment income
$6,621
Other revenue
$0
Total assets, end of year
$379,804
Total liabilities, end of year
$23,752
Net assets or fund balances, end of year
$356,052
Program services expenses (Part IX)
$1,319,894
Management and general expenses
$192,360
Fundraising expenses
$0
Program service expenses (Part III)
$1,319,894

Program services were 87.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: CONTRACT - CITY OF CHI

    total $820,574 · related or exempt $820,574

  • 2b · Program service revenue: FESTIVALS & EVENTS

    total $577,527 · related or exempt $577,527

  • 2c · Program service revenue: MEMBERSHIP

    total $104,378 · related or exempt $104,378

  • 2d · Program service revenue: MARKETING & PROMOTION

    total $13,305 · related or exempt $13,305

  • 3 · Investment income

    total $6,621 · excluded $6,621

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $492,721 · program services $394,977 · management and general $97,744

  • 9 · Other employee benefits

    total $37,251 · program services $29,860 · management and general $7,391

  • 11a · Fees: management

    total $90,654 · program services $90,654

  • 11c · Fees: accounting

    total $2,966 · management and general $2,966

  • 11g · Fees: other

    total $5,015 · program services $4,020 · management and general $995

  • 12 · Advertising and promotion

    total $34,264 · program services $34,264

  • 13 · Office expenses

    total $32,522 · management and general $32,522

  • 16 · Occupancy

    total $20,267 · program services $3,350 · management and general $16,917

  • 19 · Conferences, conventions and meetings

    total $980 · program services $980

  • 20 · Interest

    total $590 · program services $295 · management and general $295

  • 22 · Depreciation, depletion and amortization

    total $356 · management and general $356

  • 23 · Insurance

    total $5,813 · management and general $5,813

  • 24a · Other expenses: PROMOTIONS AND EVENTS

    total $740,903 · program services $740,903

  • 24b · Other expenses: STORAGE

    total $13,079 · program services $3,270 · management and general $9,809

  • 24c · Other expenses: LICENSING AND PERMITS

    total $8,761 · program services $8,761

  • 24d · Other expenses: SUBSCRIPTIONS

    total $8,350 · management and general $8,350

  • 24e · All other expenses

    total $17,762 · program services $8,560 · management and general $9,202

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $353,635 · end of year $327,772

  • 4 · Accounts receivable

    beginning of year $1,000 · end of year $33,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $945 · end of year $3,564

  • 10a · Land, buildings and equipment: cost or other basis

    $18,981

  • 10b · Land, buildings and equipment: accumulated depreciation

    $9,306

  • 10c · Land, buildings and equipment, net

    beginning of year $10,031 · end of year $9,675

  • 15 · Other assets

    beginning of year $20,428 · end of year $5,793

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,390 · end of year $48

  • 25 · Other liabilities

    beginning of year $37,748 · end of year $23,704

  • 27 · Net assets without donor restrictions

    beginning of year $345,901 · end of year $356,052

Mission and programs · 2024

Mission

TO PROMOTE AND ADVANCE LOCAL BUSINESSES AND COMMUNITY INTERESTS THROUGH ACTIVITIES, COMBINED ADVERTISING, PROMOTIONS AND EVENTS.

  • PROGRAMS, STREET FESTIVALS AND COMMUNITY EVENTS TO PROMOTE AND ADVANCE LOCAL BUSINESSES.

    Expenses $1,319,894

As filed on the 2024 return.

Listed in Part VII

  • Aaron Zacharias

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Amy Hansen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Hagen Dost

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dave Zibell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dena Jo Pavlovic

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Scott Friedland

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Heather Polcaster

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Brandon Comerford

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Adam Garcia

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202543219349321289

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